know thy enemy
(especially when they understand the tech better—and ELI5's it better—than 99% of folks here. And has witty ad-hom insults thrown in to entertain when the tech talk gets to heavy.)
😬
(especially when they understand the tech better—and ELI5's it better—than 99% of folks here. And has witty ad-hom insults thrown in to entertain when the tech talk gets to heavy.)
😬
12:56
"Crypto does nothing to address 99% of the problems with the banking industry bc those problems are patterns of human behaviour. They’re incentives, social structures, modalities..."
"Crypto does nothing to address 99% of the problems with the banking industry bc those problems are patterns of human behaviour. They’re incentives, social structures, modalities..."
"...The problem is what people are doing to others, not that the building they’re doing it in has the word “bank” on the outside."
23:32
"They only know that these are things that can be conceptualized as valuable bc they understand one very complicated thing, programming with cryptography, all other complicated things must be lesser in complexity and naturally lower in the hierarchy of reality"
"They only know that these are things that can be conceptualized as valuable bc they understand one very complicated thing, programming with cryptography, all other complicated things must be lesser in complexity and naturally lower in the hierarchy of reality"
23:57
"The idea of putting medical records on a public, decentralized, trustless blockchain is absolutely nightmarish, and anyone who proposes it should be instantly discredited."
"The idea of putting medical records on a public, decentralized, trustless blockchain is absolutely nightmarish, and anyone who proposes it should be instantly discredited."
75:16
“The shorthand WAGMI, We’re All Going To Make It, is aphoristically bandied about even in openly zero-sum competitions where, by definition, most participants explicitly won’t make it.”
“The shorthand WAGMI, We’re All Going To Make It, is aphoristically bandied about even in openly zero-sum competitions where, by definition, most participants explicitly won’t make it.”
“…But you can’t point that out, because that would be FUD. And if you’re spreading FUD then you’re NGMI, Not Going to Make It.”
i feel seen 🥶
i feel seen 🥶
But bundle up bc it gets real real fast.
“…These are synthesized into a No True Scotsman paradigm. The “we” in We’re All Going To Make It does not refer to we all, it refers to the select, the chosen, the Diamond Hands and the hodlers…”
“…These are synthesized into a No True Scotsman paradigm. The “we” in We’re All Going To Make It does not refer to we all, it refers to the select, the chosen, the Diamond Hands and the hodlers…”
“…Those who make it are clearly the We, and if you didn’t make it, then you weren’t.
People who get angry about being scammed by a rug-pull or by malware or by social engineering are berated and belittled for not following the crowd.”
People who get angry about being scammed by a rug-pull or by malware or by social engineering are berated and belittled for not following the crowd.”
“…This incubates a community trained to ignore warning signs & dismiss criticism. With internal language and customs that are explicitly incompatible with outside communications. Skepticism is FUD from non-believers who are trying to undermine the value of your assets.”
“…It all maps onto narratives of sin and deception, a chosen-few who are privileged with advance knowledge about the promised land, which they can achieve by holding strong to the rituals and expelling all doubt.”
🥶🥶🥶
seriously this one though…
> People who got scammed by a rug-pull or by malware or by social engineering are berated and belittled
seriously stop doing this. youre being truly psychopathic. empathy is valuable you asocial numbskulls.
seriously this one though…
> People who got scammed by a rug-pull or by malware or by social engineering are berated and belittled
seriously stop doing this. youre being truly psychopathic. empathy is valuable you asocial numbskulls.
56:53
“I was, in response, hounded for days by annoying people w NFT profile pics who insisted that I just didn’t get it, I wasn’t seeing the community.”
(fyi bot-like reply armies of eth names & nfts & lasereyes & link frogs are all identically annoying on the receiving end.)
“I was, in response, hounded for days by annoying people w NFT profile pics who insisted that I just didn’t get it, I wasn’t seeing the community.”
(fyi bot-like reply armies of eth names & nfts & lasereyes & link frogs are all identically annoying on the receiving end.)
Apologies for the break, I had to sleep and work and stuff. Here's the rest of the quotes I saved. Also, apologies, I deleted a lot timestamps from my notes because they were annoying me so times may be missing/off by a couple minutes now. My bad. 💖
On High Txn Fees - 33:50
"These gas wars aren’t localized to just the thing that’s being fought over. If Steam is getting hammered because ConcernedApe posted Stardew Valley 2 by surprise, that will probably stay pretty well contained...
"These gas wars aren’t localized to just the thing that’s being fought over. If Steam is getting hammered because ConcernedApe posted Stardew Valley 2 by surprise, that will probably stay pretty well contained...
... If Taylor Swift concert tickets go on sale and LiveNation gets crushed, you might never even know. What those don’t do is cause the cost of placing an order on DriveThruRPG to spike by eight thousand percent for three hours."
On the Value of Tokens - ~70:03
"Well that’s for the token holders to decide. All that matters is that whatever it is, it will definitely make the value of your tokens go up, so you should definitely buy two."
CUT TO:
"Well that’s for the token holders to decide. All that matters is that whatever it is, it will definitely make the value of your tokens go up, so you should definitely buy two."
CUT TO:
“One thing I learned about NFTs if you think somethings gunna be a blue chip you should definitely buy at least two bc you’re gunna get emotionally attached to one and you’re not going to wanna sell it bc NFTs are going to explode all over the world."
...
...
...
...
...
...lets just say thats copypasta and move on now.
...
...
...
...
...lets just say thats copypasta and move on now.
~85:??
"The best part about this is that the whole ecosystem operates on a strict assumption that `possession is ownership` and `access is permission` which is absolutely buckwild coming from software developers who claim to be very concerned with systems security."
"The best part about this is that the whole ecosystem operates on a strict assumption that `possession is ownership` and `access is permission` which is absolutely buckwild coming from software developers who claim to be very concerned with systems security."
92:57
"I see tremendous blind spots in a community that has spent on the hype that [...] they've failed to consider that the "enforcement of ownership" can and will be used against them if and when corporations decide to leverage their power in the space."
"I see tremendous blind spots in a community that has spent on the hype that [...] they've failed to consider that the "enforcement of ownership" can and will be used against them if and when corporations decide to leverage their power in the space."
On Axie / Games / The Play-to-Earn Model ~105:00
"All these components are built to function as money because that’s what the machine is built to do. It’s capitalism in its rawest form. The play-to-earn model is a great case study of what the end result of crypto looks like."
"All these components are built to function as money because that’s what the machine is built to do. It’s capitalism in its rawest form. The play-to-earn model is a great case study of what the end result of crypto looks like."
(p2e cont'd)
"I reject that framing. It’s horrifying. Our global system is so fundamentally unjust that people are patting themselves on the back for generating a whole new kind of online pit boss who tells you to grind harder or you’re fired but caps it off with blushy emoji."
"I reject that framing. It’s horrifying. Our global system is so fundamentally unjust that people are patting themselves on the back for generating a whole new kind of online pit boss who tells you to grind harder or you’re fired but caps it off with blushy emoji."
On Hype and FUD ~71:40
"Tied up in all this, there's an extremely pervasive resistance to any form of skepticism that ultimately manifests as a sort of toxic positivity. This is all part of a complex feedback loop."
"Tied up in all this, there's an extremely pervasive resistance to any form of skepticism that ultimately manifests as a sort of toxic positivity. This is all part of a complex feedback loop."
(Hype/FUD cont'd)
"You can’t trust what they have to say because they’re currently holding a hot potato, and as much as they insist that they just really, really enjoy the feeling of a burning hot potato in their hands, do they? Or are they just hoping that you’ll catch it?"
"You can’t trust what they have to say because they’re currently holding a hot potato, and as much as they insist that they just really, really enjoy the feeling of a burning hot potato in their hands, do they? Or are they just hoping that you’ll catch it?"
(Hype/FUD cont'd)
"Doubters are ostracized so aggressively that it chills all convos about a project's actual viability. Concerns are just FUD. Questions that would be utterly banal in any other forum (e.g. what has the team done?) are treated as hostile."
"Doubters are ostracized so aggressively that it chills all convos about a project's actual viability. Concerns are just FUD. Questions that would be utterly banal in any other forum (e.g. what has the team done?) are treated as hostile."
(Hype/FUD cont'd)
"Of course what he left out was that he had paid the equivalent of $171,000 US for that pfp which gives him some incentive to really commit to it as interesting and special even though literally all he was describing was using..."
"Of course what he left out was that he had paid the equivalent of $171,000 US for that pfp which gives him some incentive to really commit to it as interesting and special even though literally all he was describing was using..."
"...a non-representational image as a profile pic. For about six years my profile pic on the Dungeons and Dragons forums was a stock photo of a cabbage. So, not really breaking new ground here."
(i'm not laughing at you guys im laughing with you, right? 😅)
(i'm not laughing at you guys im laughing with you, right? 😅)
i forgot this one earlier! gm my fellow aliens being analyzed from afar!
"Participants ritualistically wish each other good morning and good night, boiled down to the shorthand GM and GN..."
"Participants ritualistically wish each other good morning and good night, boiled down to the shorthand GM and GN..."
"...It seems like a small thing, there’s nothing inherently suspicious about gm or gn, but in observed practice it’s a very distinct ritual, not merely a shibboleth, but a repetitive action that signals in-group membership and affirms loyalty on an ongoing basis"
🤗
🤗
On #CodeIsLaw
"In a lot of ways this is all just a system for deferring trust onto machines and pretending that there aren’t humans on the other end."
"In a lot of ways this is all just a system for deferring trust onto machines and pretending that there aren’t humans on the other end."
On the human side...
"That's how it draws in the bottom: people who feel their opportunities shrinking, who see the system closing around them, who have become isolated by social media and a global pandemic, who feel the future getting..."
"That's how it draws in the bottom: people who feel their opportunities shrinking, who see the system closing around them, who have become isolated by social media and a global pandemic, who feel the future getting..."
"...smaller, people pressured by the casualization of work, as jobs dissolve into the gig economy, and want to believe that escape is just that easy. All you gotta do is bet on the right Discord and you might be air-dropped the next new hotness."
...actually, yeah, pretty much.
...actually, yeah, pretty much.
but for real though....~96:14
"Rules must always be evaluated for their power to oppress."
"Rules must always be evaluated for their power to oppress."
"This is a blind spot to crypto enthusiasts because they just assume that they’re the early adopters, they’re the ones who will have power, they’re the ones who will get to set the rules, and they’re the ones who will do the oppressing."
🧊🧊🥶 too real too real make it stop
🧊🧊🥶 too real too real make it stop
"Our systems are breaking or broken, straining under neglect and sabotage, and our leaders seem at best complacent, willing to coast out the collapse. We need something better...."
"...But a system that turns everyone into petty digital landlords, that distills all interaction into a txn, that determines the value of something by how sellable it is and whether or not it can be gambled on as a fractional tokens sold via micro-auction...that’s not it."
"A different system does not inherently mean a better system. We replace bad systems with worse ones all the time."
His finale:
"It’s not just that I oppose NFTs because the foremost of them are aesthetically vacuous representations of the dead inner lives of the tech and finance bros behind them, it’s that they represent the vanguard of a worse system."
"It’s not just that I oppose NFTs because the foremost of them are aesthetically vacuous representations of the dead inner lives of the tech and finance bros behind them, it’s that they represent the vanguard of a worse system."
My biggest takeaway:
The first 5 minutes he talks about the 2008 financial crisis and says this:
"This naked display of greed and fraud created what would be fertile soil for both anti-capitalist movements and hyper-capitalist/anarcho-capitalist movements..."
The first 5 minutes he talks about the 2008 financial crisis and says this:
"This naked display of greed and fraud created what would be fertile soil for both anti-capitalist movements and hyper-capitalist/anarcho-capitalist movements..."
"Both groups saw themselves as being screwed over by the system.
Anti-Capitalists diagnosed the problem as the system’s inherently corrupt and corrupting incentives.
Hyper-capitalist/Anarcho-capitalist saw the crisis as a consequence of too much regulation, too much exclusion."
Anti-Capitalists diagnosed the problem as the system’s inherently corrupt and corrupting incentives.
Hyper-capitalist/Anarcho-capitalist saw the crisis as a consequence of too much regulation, too much exclusion."
The hate and "FUD" being hurled at Bitcoin, Web3, NFTs, and everything is between is not about the tech stack or environment or your political views or getting rich or being a douche (though the polarized toxic conversations will convince you otherwise.)
It's a fundamental disagreement about the best way to solve the underlying, agreed-upon, problem.
The underlying, agreed-upon, problem is that the world we have built is not conducive to equality amongst *people*—amongst ourselves.
The solution is where the fight is.
The underlying, agreed-upon, problem is that the world we have built is not conducive to equality amongst *people*—amongst ourselves.
The solution is where the fight is.
This also helps explain why the debates are so polarized and non-starters.
When they say “fuck your thing that wastes the energy of a small industrialized nation” they are really saying “fuck believing that *that* will make the world any different, any better, than it is today.”
When they say “fuck your thing that wastes the energy of a small industrialized nation” they are really saying “fuck believing that *that* will make the world any different, any better, than it is today.”
The environmental FUD (as I’ve labeled it in my head bc I’m apparently a full-blooded crypto-loving hyper-capitalist, fuck) has been intensely long-standing.
Which is just a selfish way of saying that the enviro arguments resonate more deeply with more people than other FUD.
Which is just a selfish way of saying that the enviro arguments resonate more deeply with more people than other FUD.
I think this is bc destruction of the environment a tangible representation of the evilness of capitalism for “anti-capitalists”
You can say PoS is better, but it makes literally no difference. It’s useless. Because the issue at hand not about the actual environment.
You can say PoS is better, but it makes literally no difference. It’s useless. Because the issue at hand not about the actual environment.
https://twitter.com/hexidethmal/status/1485732284976271363
‘Bitcoin/NFTs’ are harmful to the ‘environment’ is just a easy, tangible representation of ‘everything that is wrong with capitalism’ and ‘our world and everything that lives here’ respectively.
This perspective also helps illuminate how crypto haters can adderall-hop from environmental issues to flipping NFTs as if they didn’t just move the goalposts (and field and bleachers) to a new planet.
Like, the rainforests and bros in discords are completely separate things???
Like, the rainforests and bros in discords are completely separate things???
But if you switch out “bitcoin” “NFTs” “bros in discords” for “a worse, more-capitalistic, more evil capitalism”, they actually aren’t changing the thing they take issue with at all, just the tangible representation of it. It’s totally linear in their minds.
You have also likely noticed the people who hate crypto typically also become enraged by Elon Musk, Jeff Bezos, elitists not paying their fair share of taxes, Google, Facebook, tech bros, VCs, Silicon Valley, Nestle, Anti-vaxxers, and people who refuse to wear masks.
Again, it’s bc those things represent the evilness of capitalism. Just as the environment was the biggest loser of the last century+ of capitalism, Elon Musk and elitists who don’t pay taxes and don’t feel like should have to wear masks bc they are better than you = capitalism.
The funny thing about all this is that, aside from a loud but minority population of true crypto libertarian cypherpunks (mostly btc / pre-2014 era) the majority of folks in the wider crypto space are insanely socialist. Like, bordering on communism at times.
Guys anti-capitalist is just a less-charged way of saying socialist, no?
I guess one is all about bitching about the problem and the other is about replacing the problem with socialism but, generally, productively, the Venn diagram of is more like 1 circle than 2 circles.
I guess one is all about bitching about the problem and the other is about replacing the problem with socialism but, generally, productively, the Venn diagram of is more like 1 circle than 2 circles.
So that’s absurd lol.
Communicating online has removed all nuance and emotion to the point where anti-capitalists and socialists are running around twitter, vehemently hating each other, bc each wants the world to be better, ever-slightly-differently. Fuck me. 🤣
Communicating online has removed all nuance and emotion to the point where anti-capitalists and socialists are running around twitter, vehemently hating each other, bc each wants the world to be better, ever-slightly-differently. Fuck me. 🤣
More importantly, I think Ethereum, etc. can convert some of the crypto haters *if* they purge the get rich quick gambling fetish and *if* they stop paying attention to bitcoiners so damn much. Fight is elsewhere my dudes, trying to 1up bitcoin memes ain’t attractive to outsiders
Bitcoin can convert some, maybe, if they up their tone on the casino and vc shitshows, the power of self sovereignty, removing power from the govt and focus less on free market, every man for themselves, other stereotypically libertarian args. Which is…nuanced to say the least.
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